After the success of the crypto-based platform, the Polymarket Robinhood (Hood) trading place is now opening a prediction market on its platform, available via the exchange regulated by CFTC, Kalshi, said the company, with departure contracts today.
The company’s prediction market hub will allow customers to bet on event results, the Hood announced in a press release.
This is another competitor in Polymarket, the world’s largest market for predictions, which exploded in popularity last year in the middle of the American presidential election and a number of other high -profile and low -profile information events. The increase in popularity has launched an in-depth examination on the platform, which, according to an analysis of NBC News, attracted more than $ 3.6 billion in Paris only for the presidential election.
Some have questioned the identity behind the bets and if the results on the platform have even influenced the elections that result in a certain direction. The New York apartment of the CEO of Polymarket, Shayne Coplan, was even searched by the FBI, which seized its phone and other electronic devices.
Robinhood said he had spoken with the American Futures Trading Commission (CFTC) Commission in recent weeks.
“We believe in the power of the prediction markets and believe that they play an important role in the intersection of news, economics, politics, sports and culture,” said JB Mackenzie, vice-president of future and international at Robinhood.
To launch the launch of the product, merchants will be able to bet on the potential upper limit of the rate of federal funds targets in May, as well as the next male and female basketball tournaments, Robinhood said.
The actions of the negotiation application increased by 2.3% on Monday, to $ 40.17.
